Upswing Fitness
About this raise
Upswing Fitness, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a SaaS platform that empowers fitness trainers and gyms with online tools to scale their businesses. It is a social platform for wellness leaders and their communities and helps fitness creators monetize their content and following. Upswing Fitness connects creators to consumers and works on a high-growth and low-overhead model. Shaun Ziegler and Chris Putsch founded Upswing Fitness in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product and technology, sales and marketing, and general and administrative operations.
Investment Overview
Invested : $67,500
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/31/2022
- Close Date
- 09/30/2022
$50,000
$250,000
$100
SAFE
Early Stage
RegCF
$30,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $1,544
- Monthly Burn
- $10,776
-
Runway
- 24+ months
- Gross Margin
- 93%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $889,300
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/30/2022 | Wefunder | $30,000,000 | $67,500 | SAFE | Funded | RegCF |